257,503 Shares in Keel Infrastructure $KEEL Purchased by FirstWave Capital Management LLC

FirstWave Capital Management LLC bought a new stake in shares of Keel Infrastructure (NASDAQ:KEEL) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 257,503 shares of the company’s stock, valued at approximately $1,478,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TD Waterhouse Canada Inc. purchased a new position in Keel Infrastructure during the second quarter valued at $28,000. Concurrent Investment Advisors LLC purchased a new stake in shares of Keel Infrastructure in the second quarter worth $272,000. Compass Financial Management LLC purchased a new stake in shares of Keel Infrastructure in the second quarter worth $348,000. Public Employees Retirement System of Ohio bought a new position in shares of Keel Infrastructure during the second quarter valued at $817,000. Finally, Van ECK Associates Corp bought a new position in shares of Keel Infrastructure during the second quarter valued at $1,217,000. Hedge funds and other institutional investors own 20.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Citizens Jmp started coverage on shares of Keel Infrastructure in a research note on Wednesday, June 24th. They issued an “outperform” rating and a $10.00 price target on the stock. Alliance Global Partners restated a “buy” rating on shares of Keel Infrastructure in a research note on Monday, May 11th. Chardan Capital reaffirmed a “buy” rating and issued a $5.50 target price on shares of Keel Infrastructure in a report on Monday, June 8th. Citigroup reiterated a “buy” rating on shares of Keel Infrastructure in a research note on Monday, August 10th. Finally, HC Wainwright increased their price target on shares of Keel Infrastructure from $3.70 to $5.50 and gave the company a “buy” rating in a report on Monday, May 11th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.25.

Insider Buying and Selling

In other news, CEO Benjamin Gagnon acquired 58,888 shares of Keel Infrastructure stock in a transaction dated Thursday, August 13th. The stock was purchased at an average cost of $3.33 per share, with a total value of $196,097.04. Following the completion of the purchase, the chief executive officer directly owned 1,347,736 shares in the company, valued at approximately $4,487,960.88. This trade represents a 4.57% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Liam Wilson bought 30,769 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average cost of $3.25 per share, with a total value of $99,999.25. Following the acquisition, the chief operating officer directly owned 100,978 shares in the company, valued at $328,178.50. This trade represents a 43.82% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 128,545 shares of company stock valued at $425,593. Company insiders own 9.50% of the company’s stock.

Keel Infrastructure Stock Up 3.6%

Shares of NASDAQ:KEEL opened at $3.47 on Friday. The business has a 50 day simple moving average of $3.98. The company has a market cap of $2.14 billion, a PE ratio of -11.57 and a beta of 4.06. Keel Infrastructure has a twelve month low of $1.23 and a twelve month high of $7.37. The company has a quick ratio of 16.10, a current ratio of 16.26 and a debt-to-equity ratio of 3.11.

Keel Infrastructure (NASDAQ:KEEL) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.11) earnings per share (EPS) for the quarter. Keel Infrastructure had a negative net margin of 230.59% and a negative return on equity of 66.18%. The business had revenue of $30.43 million for the quarter. During the same period last year, the firm posted ($0.05) earnings per share. Analysts expect that Keel Infrastructure will post -0.43 earnings per share for the current fiscal year.

Keel Infrastructure Profile

Bitfarms Ltd. is a bitcoin mining company. It provides vertically integrated mining operations with onsite technical repair, proprietary data analytics and Company-owned electrical engineering and installation services to deliver operational performance and uptime. Bitfarms Ltd. is based in TORONTO, Ontario.